Levi stock dips on slashed outlook, jobless claims: Yahoo Finance

Shares of Levi Strauss & Co. (LEVI) are tumbling after the company slightly missed third quarter revenue expectations and trimmed its full-year revenue guidance. The company is also weighing the sale of its Dockers brand. All eyes are on the labor market as investors digest the latest initial jobless claims data ahead of Friday’s critical jobs report. With the labor market under pressure, September jobs data will give investors key insight into the direction the Federal Reserve may take in its next interest rate decision. Meanwhile, OpenAI has inked a $157 billion post-money valuation after raising $6.6 billion from investment firms and Big Tech companies in its latest funding round. According to Reuters, OpenAI has also asked its investors to refrain from funding its competitors, including Anthropic and Elon Musk’s xAI. Yahoo Finance trending tickers include Joby Aviation (JOBY), Clover Health Investments (CLOV), and Novavax (NVAX).

Key guests include:
9:00 a.m. ET – Brendan Ahern, KraneShares CIO
10:00 a.m. ET – Tom Porcelli, PGIM Fixed Income Chief U.S. Economist
10:30 a.m. ET – Harmit Singh, Levi Strauss & Co. Chief Financial and Growth Officer
10:50 a.m. ET – Sultan Meghji, Frontier Foundry Co-Founder & CEO, Former Chief Innovation Officer at the FDIC
11:30 a.m. ET – Vivian Tu, Your Rich BFF Founder & CEO